FTSE 100 Live: AstraZeneca plots US listing

Good morning from the City AM liveblog team.

While Keir Starmer fends off poor poll ratings and tries to reassure Labour members he remains the right man for the job at party conference in Liverpool, a small group of traders back in London could prove the more powerful determinants of the prime minister’s fate.

Gilt yields have been pushed to their highest levels in nearly three decades in recent weeks, and bond traders will be keeping a close eye on policy mutterings coming from Liverpool and how they are likely to affect the UK’s fiscal position.

Labour are already expected to have to raise tens of billions to fund their existing spending pledges and stick within their fiscal rules come the autumn Budget. But fresh commitments to appease party members – or more exciting still, chatter over a rewriting of the fiscal rules – could prove the right moment for bond vigilantes to pounce.

Here’s a summary of our top headlines over the weekend:

• Revolut considers $75bn dual listing in London and New York
• Government rescues Jaguar Land Rover with £1.5bn loan
• Starmer refuses to rule out VAT rise
• Checkout.com valuation slides to $12bn as it unveils employee share buyback
• Tesla: UK sales slump by £500m as profit slashed
• Why graduates face a brutal jobs market